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Firm Name, Location- Salary (annual fixed pretax + bonus)
For Example, AZB, Mumbai- 15L+ 2L
(PS- This is just an example and is not reflective of the actual salary)
https://www.legallyindia.com/convos/topic/231037-kco-releases-offer-letters-to-freshers-base-salary-of-rs-15-6-lakhs-but-no-mention-of-bonus
The fixed figure appears to be right. Request everyone else joining KCO to confirm bonus.
Karanjawala, Delhi, 6-8 LPA
Mumbai: 16LPA
Delhi: 15LPA
Bangalore: 14LPA
Kolkata: 13LPA
Increments are decent but completely dependent on the team, bonus is also completely up to the partner and billing.
The above comment may be talking about off counsels or long time interns etc.
Shame they barely have any vacancies.
As someone who joined T1 out of lawschool and moved on to other things. I believe law firm salaries have peaked for freshers, and will remain the same number just like WITCH salaries. There is an article on LegallyIndia from 2014 where Khaitan hiked their salaries to 15.2.
Almost 0 increase in 10 years, where as so many costs have doubled or tripled, law school fees. Law firms have started making very little sense. Although, the pay hikes become significant as you get PQE.
We’re in 2000s.
Also no, the 8% bill share doesn’t compensate enough if you’re not in M&A or Banking.
You'll get 50k as signing bonus.
Trilegal - 16.6 L (14.25 + 2.35)
Khaitan - 15.6 L (all fixed, no bonus for freshers)
CAM - 16 L (14.4 + 1.6)
SAM - 16 L (all fixed, no bonus)
Luthra - 16 L (13.8 + 2.2) - out of this, 50k is paid as signing bonus.
Saraf - 16 L (13.8 + 2.2) - out of this, 50k is paid as signing bonus.
IndusLaw - 15.8 L (14.4 + 1.4)
These figures are correct as of June 2023.
Plus possible bonus of another 3 lakhs (depending on billings) -this varies may be offered or may not be depending upon firm financials.
Mason and Associates - 25- 30k p.m. Remfry and Sagar - 60k p.m.
Fidus Law - 45 p.m.
Ira Law - 50k p.m.
ALG - 45k p.m.
Jain and Partners - 22k p.m.
Intll Advocare - 35 p.m.
Although for Intll I think it can go till 40-45.
And for Mason as well around 30-35.
Additionally,
Anand and Anand - 35
Lall and Sethi - also around 35ish.
Sujata Chaudhri - around 40-45.
Please correct me if I'm wrong.
TMT Law Practise (Delhi- disputes team) - 45k p.m
Would love an estimate for the banking team.